Carver Roboweld IPO
Updated 22 Oct 2026, 6:50 pm.
Minimum investment
Not yet published
Price band
TBA
Latest GMP
₹0
Est. listing price
—
Issue size
—
Allotment status
Allotment is due on 2 Nov 2026. Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised2 Nov 2026(upcoming)
- Refunds start2 Nov 2026(upcoming)
- Shares credited to demat3 Nov 2026(upcoming)
- Listing4 Nov 2026(upcoming)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 22 Oct 2026, 6:50 pm | ₹0 | — |
| 22 Oct 2026, 6:45 pm | ₹0 | — |
| 22 Oct 2026, 1:50 pm | ₹0 | — |
| 22 Oct 2026, 1:45 pm | ₹0 | — |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- TBA
- Issue size
- —
- Lot size
- Not disclosed
- Opens
- 28 Oct 2026
- Closes
- 30 Oct 2026
- Allotment
- 2 Nov 2026
- Listing
- 4 Nov 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Bigshare Services Pvt.Ltd.
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 2 Nov 2026
- Shares credited
- 3 Nov 2026
- Promoter holding
- 90.07% before · — after
- Lead managers
- Smart Horizon Capital Advisors Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 22 Oct 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 to 30 Oct, 2026 |
|---|---|
| Listing Date | Wed, Nov 4, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | — |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,36,000 shares (agg. up to ₹ [.] Cr) |
|---|---|
| Reserved for Market Maker | 1,77,600 shares (agg. up to ₹ [.] Cr) Shreni Shares Ltd. |
| Fresh Issue (Ex Market Maker) | 33,58,400 shares (agg. up to ₹ [.] Cr) |
| Net Offered to Public | 33,58,400 shares (agg. up to ₹ [.] Cr) |
| Share Holding Pre Issue | 95,66,805 shares |
| Share Holding Post Issue | 1,31,02,805 shares |
IPO Timetable (Tentative)
- IPO Open
- Wed, Oct 28, 2026
- IPO Close
- Fri, Oct 30, 2026
- Allotment
- Mon, Nov 2, 2026
- Refund
- Mon, Nov 2, 2026
- Credit of Shares
- Tue, Nov 3, 2026
- Listing
- Wed, Nov 4, 2026
Issue Reservation
- QIB47.10%
- NII (HNI)14.48%
- Retail33.39%
- Market Maker5.02%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 16,65,600 | 49.60% | 47.10% |
| - Anchor Investor | 9,96,800 | — | 28.19% |
| - QIB (Ex. Anchor) | 6,68,800 | — | 18.91% |
| NII (HNI) | 5,12,000 | 15.25% | 14.48% |
| - bNII > ₹10L | 3,40,800 | — | 9.64% |
| - sNII < ₹10L | 1,71,200 | — | 4.84% |
| Retail | 11,80,800 | 35.16% | 33.39% |
| Firm Reservations | |||
| Market Maker | 1,77,600 | — | 5.02% |
| Total | 35,36,000 | 100.00% | 100.00% |
Carver Roboweld IPO comprises a total issue size of 35,36,000 shares. The net offer to the public is 33,58,400 shares, after excluding 1,77,600 shares allotted on a firm basis. Of the Net offer 16,65,600 (49.60%) are allocated to QIB , 5,12,000 (15.25%) allocated to NII 11,80,800 (35.16%) allocated to RII .
About Carver Roboweld Ltd.
Incorporated in August 2009, Carver Roboweld Limited is engaged in the manufacturing of welding consumables, including Metal Cored Wires, Welding Rods and Gauging Electrodes, along with the supply of welding spare parts and accessories. The Company has also expanded its offerings to provide value-added engineering solutions to the forging industry, including forging die regeneration and welding robot rental services.
The Company operates its primary manufacturing facility in Bamanbore, Rajkot, Gujarat, with additional service units in Pune, Hosur and Ludhiana, enabling it to serve customers across key industrial markets in India. As of July 11, 2026, the Company had an aggregate installed production capacity of 650 tonnes per annum for Metal Cored Wires and Welding Rods, reflecting a capacity CAGR of approximately 30% between Fiscal 2025 and Fiscal 2026.
Through its subsidiary, Carver Engineering Private Limited, acquired in September 2025, the Company also provides re-conditioning and refurbishment services for plant and machinery across industries such as forging, casting, cement, steel, sugar, power, petroleum, automotive and fabrication. Its engineering services include heavy-duty machining, structural fabrication, repair and refurbishment of hammers and components, and turnkey engineering projects.
The Company has a presence across several Indian states and caters to industrial customers through its welding consumables and engineering solutions. It is ISO 9001:2015 certified and is a Sustaining Corporate Member of the American Welding Society (AWS), reflecting its focus on quality management and adherence to international welding standards.
As of June 30, 2026, the Company had 68 permanent employees and 75 contract workers.
Competitive Strengths
Strategically located manufacturing facility and service units.
Strategic market coverage across domestic industrial markets.
Focus on meeting customer specifications and quality standards.
Integrated manufacturing and value-added engineering service capabilities.
Experienced promoter and management team with strong welding industry expertise.
Robot rental model supporting long-term customer engagement and recurring revenue.
Company Financials (Restated Consolidated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 39.45 | 38.26 | 32.69 | 21.59 |
| Total Income | 7.71 | 27.12 | 24.97 | 21.67 |
| Profit After Tax | 1.49 | 3.48 | 1.45 | 1.01 |
| EBITDA | 2.84 | 8.36 | 4.92 | 4.12 |
| NET Worth | 17.62 | 16.13 | 4.56 | 3.11 |
| Reserves and Surplus | 9.62 | 8.42 | 3.61 | 2.16 |
| Total Borrowing | 12.27 | 15.65 | 22.32 | 13.39 |
| Amount in ₹ Crore |
Carver Roboweld Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2026 and March 31, 2025.
Note:-
Adjusted EBITDA is given.
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IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots | 11.99 |
| 2 | Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions | 8.60 |
| 3 | General Corporate Purpose | — |
| Total | 20.59 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
ROE
ROCE
RoNW
PAT Margin
EBITDA Margin
| KPI | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|
| ROE | 33.63% | 8.48% |
| ROCE | 21.64% | 8.27% |
| Debt/Equity | 0.97 | 0.70 |
| RoNW | 21.57% | 8.48% |
| PAT Margin | 12.87% | 19.37% |
| EBITDA Margin | 30.94% | 36.90% |
| NAV | 17.54 | 18.42 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.64 | 2.65 |
Shareholding Structure
Pre IPO
- Promoter and Promoter Group90.07%
- Public9.93%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 90.07% | — |
| Public | 9.93% | — |
| Total | 100% | — |
Company Promoters: Ranjit Chandrabhai Bose, Rajit Chandra Bose and Deval Ranjitbhai Bose.
Carver Roboweld IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
ipo@bigshareonline.com
IPO Lead Manager(s)
Smart Horizon Capital Advisors Pvt.Ltd.
Contact Details
Carver Roboweld Ltd. Address
Office no. 1403, Space Odyssey
Near KKV Hall, 150 Feet Ring Road
Mota Mava
Rajkot, Gujarat , 360005
9727797000
investor@carver.co.in
Carver Roboweld IPO in the news
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Carver Roboweld: common questions
Answered from this issue's own record.